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Mara Jade is analyzing the fire damage losses in her insurance firm that occurred over a one-year period, based on the following data: Number of
Mara Jade is analyzing the fire damage losses in her insurance firm that occurred over a one-year period, based on the following data:
Number of Claims Filed Number of Houses Total Number of Claims
0 9,855 0
1 137 137
2 8 1 6
C) Fill in the table to find the average frequency of losses per house. Explain.
D) Use the information in the table to estimate a probability distribution for the frequency distribution of losses per house in a year. Explain.
C) Column 1 Number of Claims Filed Column 2 Number of Houses Column 3 Total Number of Claims Sum Average Frequency D) Number of Claims ProbabilityStep by Step Solution
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